Financials Swaraj Engines Limited

Equities

SWARAJENG

INE277A01016

Auto, Truck & Motorcycle Parts

Market Closed - NSE India S.E. 07:43:49 2024-05-03 am EDT 5-day change 1st Jan Change
2,433 INR -0.93% Intraday chart for Swaraj Engines Limited -1.86% +0.42%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,088 10,980 15,926 15,876 18,698 29,555 - -
Enterprise Value (EV) 1 17,088 10,980 15,926 15,876 17,358 25,775 27,646 27,326
P/E ratio 20.7 x 15.5 x 17.2 x 14.5 x 14 x 20.1 x 19.4 x 17.8 x
Yield 3.55% 4.42% 3.81% 6.12% 5.98% 4.16% 4.11% 4.44%
Capitalization / Revenue 1.96 x 1.42 x 1.61 x 1.39 x 1.32 x 1.95 x 1.9 x 1.78 x
EV / Revenue 1.96 x 1.42 x 1.61 x 1.39 x 1.22 x 1.82 x 1.78 x 1.65 x
EV / EBITDA 11.6 x 10.9 x 11.7 x 10.2 x 9.31 x 13.7 x 13.4 x 12.6 x
EV / FCF 49.2 x 13.1 x 71.1 x 19.6 x 14.5 x 27.2 x 24.7 x 17.4 x
FCF Yield 2.03% 7.64% 1.41% 5.11% 6.91% 3.67% 4.05% 5.73%
Price to Book 7.18 x 4.65 x 5.68 x 5.18 x 5.46 x 7.53 x 7.3 x 6.82 x
Nbr of stocks (in thousands) 12,129 12,132 12,138 12,144 12,146 12,147 - -
Reference price 2 1,409 905.1 1,312 1,307 1,539 2,433 2,433 2,433
Announcement Date 4/22/19 5/8/20 4/20/21 4/27/22 4/27/23 4/18/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 8,717 7,733 9,866 11,382 14,218 14,192 15,537 16,569
EBITDA 1 1,470 1,004 1,357 1,554 1,864 1,882 2,063 2,168
EBIT 1 1,275 930.8 1,159 1,373 1,679 1,709 2,042 2,046
Operating Margin 14.62% 12.04% 11.75% 12.06% 11.81% 12.04% 13.14% 12.35%
Earnings before Tax (EBT) 1 1,274 930.7 1,245 1,469 1,797 1,850 2,041 2,222
Net income 1 824.2 710.4 925.4 1,095 1,336 1,379 1,523 1,656
Net margin 9.45% 9.19% 9.38% 9.62% 9.4% 9.71% 9.8% 9.99%
EPS 2 67.91 58.53 76.20 90.13 110.0 113.5 125.3 136.4
Free Cash Flow 1 347.5 838.4 223.9 811.8 1,200 945.9 1,120 1,566
FCF margin 3.99% 10.84% 2.27% 7.13% 8.44% 6.66% 7.21% 9.45%
FCF Conversion (EBITDA) 23.64% 83.48% 16.5% 52.25% 64.35% 50.27% 54.29% 72.22%
FCF Conversion (Net income) 42.17% 118.02% 24.19% 74.16% 89.78% 68.61% 73.54% 94.57%
Dividend per Share 2 50.00 40.00 50.00 80.00 92.00 95.00 100.0 108.0
Announcement Date 4/22/19 5/8/20 4/20/21 4/27/22 4/27/23 4/18/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 2,724 3,049 3,147 3,436 2,375 3,984 3,848 2,789 3,598 3,998 3,642 2,942
EBITDA 1 366 461.8 473.3 477.4 - - - - - 562 - 372
EBIT - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - -
Net income 250.2 - 336.5 - - - - - - - - -
Net margin 9.19% - 10.69% - - - - - - - - -
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 1/22/21 4/20/21 7/19/21 10/25/21 1/25/22 7/25/22 10/31/22 1/25/23 4/27/23 7/28/23 - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - - 1,340 1,958 1,909 2,229
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 348 838 224 812 1,200 946 1,120 1,566
ROE (net income / shareholders' equity) 35.3% 30% 35.8% 37.3% 41.2% 38.8% 39.4% 40.1%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 196.0 194.0 231.0 253.0 282.0 303.0 333.0 357.0
Cash Flow per Share - - - - - - - -
Capex 1 340 158 56.2 222 129 478 350 175
Capex / Sales 3.9% 2.04% 0.57% 1.95% 0.91% 3.37% 2.25% 1.06%
Announcement Date 4/22/19 5/8/20 4/20/21 4/27/22 4/27/23 4/18/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
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Quarterly revenue - Rate of surprise

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